Public notices of changes to interest rates.
10 October 2025
The following interest rates are effective from:
- 10 November 2025 for existing home loans (entered into prior to 10 October 2025)
- 10 October 2025 for new home loans
Residential Lending
| Floating Rate | Old Rate | New Rate |
| Residential Term Loans | 6.29% | 5.99% |
| Residential Investing Term Loans | 6.79% | 6.49% |
| Residential Flexi Loans | 6.29% | 5.99% |
| Residential Investing Flexi Loans | 6.79% | 6.49% |
Interest rates are subject to change.
Public notices of changes to fees and charges.
Changes to Fees and Charges
10 October 2024
Effective from 10 October 2024.
Account Charges
- Removal of $20 Dishonour Fee.
- Removal of $15 Stop Payment Fee.
- Removal of $10 Transaction Traces and Voucher Search Fee.
- Increased Duplicate and Paper Statement Fee to $2.50.
Credit Fees and Charges Scheduled and Reverse Equity Mortgage Fees and Charges
- Removal of the $65 Consent Fee
Fee information on fees and charges can be found here at sbsbank.co.nz/fees, by contacting us on 0800 727 2265 or by visiting one of our branches.
Do you need a copy of earlier public notices?
Contact us on 0800 727 2265 if you need any public notices of changes to our fees and charges posted over 12 months ago.
Public notices of changes to terms and conditions.
Changes to Debit Mastercard Terms & Conditions
28 October 2025
We are making changes to our Debit Mastercard Terms and Conditions. These changes will come into effect from 28 October 2025.
Summary of changes:
- Overall, we have improved the readability and comprehensibility of all our sections while still maintaining the current meaning.
- We have removed reference to signing your card before its use, and authorising transactions with a signature.
- We have removed reference to specific contactless transaction limits.
- We have updated the phone number in section 10.
- We have removed reference to the Account Fees and Charges document throughout and instead refer members to our website to view the latest version of our fees and charges.
- Section 15 has been updated where authorised funds may be held up to a maximum of 30 days.
A copy of our Terms and Conditions can be found on our website or talk to one of our friendly team members in branch.
Changes to Electronic Banking Terms & Conditions
22 October 2025
We are making changes to our Electronic Banking Terms and Conditions. These changes will come into effect from 22 October 2025.
A new subclause has been inserted under Clause 3 to detail certain payments being presented with tailored educational prompts. These messages are designed to help you pause and review key details before proceeding with your payment.
Additionally, we have removed the word “address” from the existing subclause 3.14 as we do not advise payees of your address, only name and account number.
A copy of our Terms and Conditions can be found on our website or talk to one of our friendly team members in branch.
Changes to General Terms & Conditions
1 October 2025
We are making changes to our General Terms and Conditions. These changes will come into effect from 1 October 2025.
A new section 5 has been inserted to detail the Confirmation of Payee service, and what that will mean when you instruct a SBS Bank Team Member to make a payment on your behalf. Further information around Confirmation of Payee can be found at sbsbank.co.nz/confirmation-of-payee
We have also updated clause 15.2 to enable us to advise you of any changes to these Terms and Conditions by way of: a notice on our website, a notice on our internet banking platform or mobile banking app, or a public notice in local newspapers when required by law.
A copy of our Terms and Conditions can be found here on our website or talk to one of our friendly team members in branch.
Changes to SKIP Terms & Conditions
1 September 2025
We are making a change to our SKIP Terms and Conditions. This change will come into effect from 1 September 2025.
We are updating clause 3.4 regarding the requirement of maintaining your home loan with us. Previously, the minimum duration was three years, but we are extending this to four years. This will only apply to new lending taken out from 1 September 2025.
Additionally, we are removing reference to the Kainga Ora First Home Grant, as Kainga Ora have discontinued this offer. However, please note the Kainga Ora First Home Loan remains available to you.
A copy of our Terms and Conditions can be found here or talk to one of our friendly team members in branch.
Changes to Loan Terms and Conditions
10 February 2025
We are making a change to our Loan Terms and Conditions (dated 27 January 2016). This change will come into effect from 10 February 2025.
We are removing the following wording from clause 3 under ‘Reducing Flexi Loan’: “You can, at any time during the Term, request that your Flexi Loan is changed to a Reducing Flexi Loan. We will notify you of the amount of your regular reductions.”
A copy of our Terms and Conditions can be found here on our website or talk to one of our friendly team members in branch.
Changes to Electronic Banking Terms and Conditions
28 November 2024
We are making changes to our Electronic Banking Terms and Conditions (dated 22 April 2024). These changes will come into effect from 28 November 2024. The changes are as follows:
A new section 4 has been inserted to detail the Confirmation of Payee service, and what that will mean when you make a payment.
Further information around Confirmation of Payee can be found at sbsbank.co.nz/confirmation-of-payee
A copy of our Terms and Conditions can be found here on our website by clicking here or talk to one of our friendly team members in branch.
Do you need a copy of earlier public notices?
Contact us on 0800 727 2265 if you need any public notices of changes to our terms and conditions posted over 12 months ago.